What are the key characteristics of a community as...

Certified Manager Of Community Associations (CMCA) Practice Exam

Question Number 5

What are the key characteristics of a community association?

Voluntary membership, no assessments, and lack of governing documents Mandatory membership, mutually binding documents, and lien-based assessments Only residential ownership, local jurisdiction, and flexible assessments Membership based on property size and individual adoption agreements

✔ Correct Answer:

Mandatory membership, mutually binding documents, and lien-based assessments

Certified Manager Of Community Associations (CMCA) Practice Exam

Question Number 5

Count Down:

Related questions :